What is a Platinum Card?

What is a platinum credit card? A platinum credit card is a type of premium credit card that offers more benefits and perks than a standard credit card. For example, it may offer higher credit limits, rewards points, complimentary insurances and airport lounge access.

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Who qualifies for a Platinum card?

The Platinum Card® from American Express requires good to excellent credit to qualify. This is typically defined as a credit score of 690 or better.

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What does it mean to have a platinum debit card?

'Platinum' is a category of debit cards issued by Visa. Among its main features are: It's globally accepted. Customer assistance anywhere in the world. Access to a global ATM network.

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Is it hard to get a Platinum card?

American Express generally requires a good to excellent credit score to qualify for The Platinum Card® from American Express. Terms apply. You'll want to have at least a 690 credit score before applying for the card. So, you may need to work on building your credit score before applying for the card.

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What is special about a platinum credit card?

Meanwhile, a platinum credit card is typically a provider's top-tier rewards credit card that comes with benefits that you normally wouldn't find on a standard or gold card. These cards typically have higher interest rates and are thus geared toward individuals who are able to pay off their balance in full each month.

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The Amex Platinum Card - Honest 1 Year Review (2022)

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Is platinum better than a mastercard?

Bottom Line: The Amex Platinum card has better earning potential than the Mastercard Black card. Membership Rewards points earned on the Amex Platinum card also offer greater potential value at redemption time when transferred to airline and hotel partners.

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Which card is better visa or platinum?

The Visa Platinum is the second tier of the four Visa credit card types. It's better than a Visa Classic but less luxurious than a Visa Signature or Visa Infinite. Most Visa Platinum cards require a credit score in the 600s. You might be able to qualify for some with a score in the very high 500s.

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What is a Platinum Card Australia?

A platinum credit card is a type of premium credit card that offers more benefits and perks than a standard credit card. For example, it may offer higher credit limits, rewards points, complimentary insurances and airport lounge access.

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What is a platinum debit card Australia?

It's just like a standard Debit Mastercard, only better. There are no extra fees or hidden costs — just added benefits. Anytime, anywhere access. Pay with your own money online, over the phone and in person, anywhere Mastercard is accepted. Mastercard contactless.

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What annual income do you need for a Platinum Card?

But, the more you earn, the better. If you make nearly $100,000 a year and have good credit, you should have no issue getting approved. But, applicants with annual incomes as low as $40,000 have also been approved if they have a low debt-to-income ratio and pay their other credit cards in full every month.

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What is the limit of Platinum card?

The Card has global acceptability. Card Privileges: Cash withdrawal limit of Rs. 1,00,000/- per day. Purchases limit upto Rs.5 lakhs per day.

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What does a Platinum card say about you?

When you have a Platinum American Express card, it means you're likely in good financial standing as the card requires good credit to qualify and comes with a whopping $695 annual fee. A Platinum Amex also indicates you enjoy elite, luxurious travel perks.

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What is the difference between normal card and Platinum card?

High or uncapped credit limit: Platinum cards have a higher credit limit than regular or gold cards which gives you much more flexibility in spending. More rewards points per rupees spent: These cards will give you more reward points than other credit cards for the same amount of money.

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How do I get a platinum Commonwealth card?

To be eligible for the 80,000 CommBank Awards points on a new Smart Awards or Business Platinum Awards card, you need to spend at least $4,000 on eligible purchases (excludes balance transfers, cash advances and any purchase that is reversed or refunded) using your new card within the first 90 days of activation.

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What is higher than platinum card?

A platinum credit card is usually a bank's most expensive or the top-tier card, second only to a titanium, black or diamond card if offered by the bank. It is often in the form of a rewards credit card.

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Is there a card above platinum?

The American Express Centurion Card, colloquially known as the Black Card, is a charge card issued by American Express. It is reserved for the company's wealthiest clients who meet certain net worth, credit quality, and spending requirements on its gateway card, the Platinum Card.

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Who gets CommBank Platinum debit card?

Be individuals; • Be aged 14 years or older; • Have an Australian residential address, or otherwise subject to exception; • Have an eligible CBA transaction account to which the card will be linked; and • Must be invited to apply for the product.

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What is the best platinum debit card in Australia?

The Macquarie Bank Platinum Transaction Account is an award-winner, having been given a 5-star Canstar rating for Outstanding Value Travel Debit Card for 2019/2020. Perks include: When spending in a foreign currency, you will receive the Mastercard foreign exchange rate, and you will pay no foreign currency fee.

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What is a platinum card with Commonwealth Bank?

The Platinum Awards card is the Commonwealth Bank's mid-tier card offering. While the card has an impressive list of travel partners, including many frequent flyer programs from around the world, the poor redemption rates take away from much of this benefit.

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Is a Platinum card expensive?

The Platinum Card from American Express carries a $695 annual fee, but for many travelers, the card's benefits will more than offset that charge. If you can maximize all of its annual statement credits, you're looking at nearly $1,600 in value.

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What are the benefits of platinum?

ADVANTAGES OF PLATINUM

Platinum is extremely durable and strong making it ideal for jewellery that's worn on a daily basis. It's highly resistant to stress and withstands both extreme heat and extreme cold, which means platinum jewellery will retain its good looks better than any other metal.

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Is Platinum a good credit card?

The Capital One Platinum Credit Card is a solid choice for people looking to build credit. You won't earn rewards or have access to many perks, but it will help you learn to manage your credit effectively. Beyond helping you to build your credit, this card doesn't have much to offer.

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What is the highest level Visa card?

Visa Infinite is the highest level of Visa-branded credit cards, above Visa Signature and Visa Traditional. There are only a few Visa Infinite cards in the U.S., as they're typically only the most high-end credit cards offering the best benefits of any card on the Visa network.

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Is Visa Platinum worth it?

While it's not the best balance transfer card offer available, the U.S. Bank Visa Platinum card carries one of the better intro periods for both purchases and balance transfers. That said, its lack of rewards means it doesn't offer much ongoing value after you've settled your balance.

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What is the highest level Mastercard?

World Elite is the highest level of Mastercard and includes benefits like a World Elite concierge and exclusive partner discounts and offers.

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